|By PR Newswire||
|January 9, 2014 07:00 AM EST||
WALLDORF, Germany, Jan. 9, 2014 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced that Stefan Ries will join the company as Global Head of Human Resources by April 1, 2014. In this role, he will oversee all HR activities of SAP and lead the Human Resources organization, reporting to Dr. Werner Brandt, Member of the Executive Board of SAP AG, Chief Financial Officer, Human Resources and Labor Relations Director. After Brandt's withdrawal from the Executive Board on June 30, 2014, Ries will report to Bill McDermott, Co-CEO and Member of the Executive Board of SAP AG. Ries will be based in Walldorf.
Ries rejoins SAP from Egon Zehnder, where he served during the last three years as principal consultant, advising global companies in leadership and executive search. Between 2002 and 2010 Ries had several global and regional leadership positions with SAP's HR organization. During that time, he acquired a deep understanding of SAP business and the ability to help shape the company's culture. He was also instrumental in driving strategic HR programs and helped establish a modern HR business partner organization at SAP. Before working for SAP, Ries held HR leadership positions with Compaq and Microsoft.
"I'm very pleased that Stefan is rejoining SAP, especially given his comprehensive knowledge of SAP as well as his experience in talent management and leadership development," said Brandt. "Stefan knows our business, company culture and organization very well. In addition, the broad consulting expertise he brings from Egon Zehnder will help him support SAP's growth momentum. He's the right leadership choice to further develop our high-performance culture and manage SAP's transition to become the cloud company."
For more information, visit the SAP Newsroom.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 251,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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